CAP RATE: 6.00%
BUILDING SIZE: 5,295 Sq Ft
YEAR BUILT | RENOVATED: 1986 | 2021
LOT SIZE: +/- 0.58 Acres
- The Nest Schools (36+ Locations) – Top 20 Corporate Operator
The Nest Schools is one of the Top 20 Corporate Child Care Companies in the country. At The Nest, we require all our teachers to have the highest quality education to promote, teach, and support each child’s educational development. We believe in this so much that we have formed The Nest University, an unparalleled training and professional development program for our staff of all levels. The Nest Schools currently operates 36+ locations across five states.
- 18+ Years Remaining on an Absolute Net Lease
The Nest Schools signed a new 20-year lease at the subject property back in 2022. In addition to the 20-year base lease term, the tenant has two, ten-year options to renew. The lease is absolute net, with zero landlord responsibilities and calls for 2.00% increases in rent annually.
- Located in Columbus, OH – 60% of U.S. Population within 8-Hour Drive
The Columbus metro is Ohio’s most populated metropolitan area, composed of 10 counties in the gently rolling hills of central Ohio. Natural landmarks include reservoirs to the north and the Scioto River. Franklin County, home to Columbus, is surrounded by mainly rural counties. Columbus, the state’s capital city, is a national transportation and distribution hub, with nearly 60% of the United States population within an eight-hour driving radius. The metro is expected to add nearly 76,100 people in the next five years, resulting in the formation of roughly 36,300 households.
- Demand for Child Care Remains Extremely Strong
The early education and daycare segment dominated the U.S. child care market and accounted for the largest revenue share in 2019. This is owing to an increasing number of daycare and early education centers in the country. The demand for early education is growing rapidly as around 1.4 million and 3.7 million students were enrolled in prekindergarten and kindergarten respectively in 2019. The key factors driving the U.S. child care market growth include increasing government funding for childcare, rising demand for daycare centers; and an increase in the number of women employment.
EXCLUSIVELY LISTED BY:
Senior Vice President Investments
Senior Director, Net Lease Properties Division